CVS Sees Increase in December Sales

Published 7:00 pm, Monday, January 7, 2002

Drugstore chain CVS Corp. said Tuesday that December same-store sales rose 7.1 percent over the same period in the prior year.

Pharmacy same-store sales increased 9 percent in December while front-end same-store sales increased 4.2 percent, the company said in a statement.

Total sales for the five-week period ending Dec. 29 increased 8.2 percent to $2.46 billion, compared with $2.27 billion in December 2000. Total pharmacy sales represented 61.9 percent of total company sales in December.

"Our front-end sales clearly have been trending well over the past few months," Chairman, President and CEO Tom Ryan said in a statement. "Pharmacy same-store sales were impacted by a significantly weaker flu season."

Same-store sales compare only stores that have operated for at least a full year.